10:55 AM
HealthSouth (HLS) plans to reimburse activist shareholders' expenses for mounting a successful dissident campaign for the board - a first among big U.S. businesses. The move is a win for investors seeking boardroom clout; costs for outsider candidates can run into hundreds of thousands of dollars.
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Tuesday, August 4, 2009
17:16 PMHealthSouth (HLS): Q2 EPS of $0.39 beats by $0.15. Revenue of $484M (+6%) vs. $472M. Raises full-year EPS guidance to $1.15-1.25 from $0.85-0.90 vs. $1.05. Shares +3.5% AH. (PR)
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09:07 AM
A judge orders Richard Scrushy, former chairman and CEO of HealthSouth (HLS), to pay $2.88B in damages for helping to artificially inflate HealthSouth's earnings for at least six years. The judgment appears to be the largest financial penalty ever levied against a single executive.
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